ADNOC to invest $80 billion in energy and chemicals

According to Amac News: Based on ADNOC’s announcement, the company, with an enterprise value of more than $80 billion, aims to more than double the value of its assets over the next decade.
XRG will operate based on three megatrends, including the energy transformation, the growth of artificial intelligence and the rise of emerging economies, and will focus on developing three strategic platforms.
The Global Chemicals Platform, which aims to become one of the top five chemical producers in the world and provide essential products for life.
The International Gas Platform, which aims to create an integrated gas portfolio to meet the growing demand for natural gas globally.
As well as the Low Carbon Energy Platform, which will invest in decarbonization technologies and low-carbon energy.
Sultan bin Ahmed Al Jaber, CEO of ADNOC, announced that XRG will contribute to sustainable economic growth and technological innovation and is committed to it. According to him, XRG activities will begin in the first quarter of 2025, and a Global Strategy Day will also be held in the same year.